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Violation Tracker Individual Record

Company: State National Insurance Company, Inc. et al.
Penalty: $250,000
Year: 2024
Date: July 31, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: State National Insurance Company, and T.B.A. Insurance Group dba State National Companies, agreed to jointly pay $250,000 in settlement of allegations they charged excessive rates to Minnesota borrowers for its collateral protection insurance, charged inadequate rates to automobile lenders for its CPI, and engaged in underwriting practices that were arbitrary.
Level of Government: state
Action Type: agency action
Agency: Minnesota Department of Commerce
Civil or Criminal Case: civil
Facility State: Minnesota
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.